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superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will only do so in exchange for deep spending cuts. if washington can't strike a deal, one casualty will be compensation for the long-term unemployed. that means people like linda vega, are worried. >> christmas and things of that nature are probably off the table. >> reporter: aides to president o
superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the...
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did superstorm sandy deliver a hit to hiring. >>> the duchess of cbridge is discharged from the london hospital where she was treated for morning sickness april and for the first time one of kate's relatives is talking about her pregnancy. >> what is your reaction about the news to duchess of cambridge. >> how do you know i'm not a radio station? >> this is the "cbs morning news" for friday, december 7, 2012. >>> good morning. good to be with you. i'm terrell brown. a strong earthquake hit northeastern japan this morning, the magnitude 7.3 quake struck in the early evening in the same area that suffered a powerful quake and tsunami last year. a tsunami warning has been issued. residents have been told to move to higher ground. the fukushima nuclear plant has not been damaged. the quake was felt as far south as tokyo. lucy craft is in tokyo. what can you tell us? >> reporter: no reports of damage or injury. it's still way too early. we have a tsunami warning. the tide is about three feet or two meters or one meter, i should say. very interesting, this time the warnings came very "fast a
did superstorm sandy deliver a hit to hiring. >>> the duchess of cbridge is discharged from the london hospital where she was treated for morning sickness april and for the first time one of kate's relatives is talking about her pregnancy. >> what is your reaction about the news to duchess of cambridge. >> how do you know i'm not a radio station? >> this is the "cbs morning news" for friday, december 7, 2012. >>> good morning. good to be with you....
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the labor department says superstorm sandy did not significantly impact the number of jobs created last month. >>> military vets in the bay area have an advantage in the hiring process if they are interested in working at rapid transit. bart board of directors approved new hiring policy giving military vets press -- preference in the hiring process. starting january 1st the policy will give candidates 5% chance overcome . bart says those eligible must have at 181 days of active status and honorably discharged. >>> starting this morning wells fargo will begin granting $20,000 to east bay home owners who qualify for down payment assistance. part of a settle with the justice department. wells fargo offering five millions in assistance in areas most impacted by the housing crisis, to see if you qualify stop by the oakland convention center marriott hotel on broadway the two-day event runs from 10 to 7, today and tomorrow. >>> weather for those events should be fine, dry and we are going to start to warm up. this morning it is hard to believe. >> kind of chilly out there this morning, even c
the labor department says superstorm sandy did not significantly impact the number of jobs created last month. >>> military vets in the bay area have an advantage in the hiring process if they are interested in working at rapid transit. bart board of directors approved new hiring policy giving military vets press -- preference in the hiring process. starting january 1st the policy will give candidates 5% chance overcome . bart says those eligible must have at 181 days of active status...
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sandy. >>> apple fans, did you know all your apple l products are made in china. you may have not that but it's about -- known that but it's about to change. they will start assembling one of their mass computer models here in the usa. analysts are calling this a big move. >> for apple l to step out and say this is something they want to do, they want to manufacture here in the united states, it's a big deal. and it's a big differentiator for this country. >> the plan did make apple products before the company moved production overseas. >>> zynga is a leader in virtual poker but it wants to get into real money gambling. they filed an application with the nevada gaming parole board, a process that could take up 18 moments. shares rose 17% after that announcement. >>> encouraging news on diet and breast cancer. micro nutrients found in fruits and vegetables have cancer fighting properties. women who eat fresh produce may reduce their risk. there is evidence that the micro nutrients keep tumors from growing as well. there's new evidence that pro teen can help reduce
sandy. >>> apple fans, did you know all your apple l products are made in china. you may have not that but it's about -- known that but it's about to change. they will start assembling one of their mass computer models here in the usa. analysts are calling this a big move. >> for apple l to step out and say this is something they want to do, they want to manufacture here in the united states, it's a big deal. and it's a big differentiator for this country. >> the plan did...
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sandy. m >>> we are also following developing news overseas. up next, egyptian president mohammed morsi tries to quiet protesters but is he will to back down from his power grab. >>> a major ruling in michigan that has some workers upset and could hurt the auto industry. more on that when we return. >>> michigan is now one step closer to becoming a right to work state. yesterday, the state house and senate approved bills limiting ups from collecting fees from nonunion workers. the bill has caused quite an uproar with union workers who say union rights are now at risk. ballet between labor and business could hit the auto industry especially hard. the governor says the bill promotes work equality. >>> mohammed morsi said he would not tolerate anyone trying to overthrow what he calls his legitimate government but the protestors say they'll continue. seven people are dead after violent clash this is week. >>> and historic visit by the leader of hamas to gaza tbeen e years. his party has been
sandy. m >>> we are also following developing news overseas. up next, egyptian president mohammed morsi tries to quiet protesters but is he will to back down from his power grab. >>> a major ruling in michigan that has some workers upset and could hurt the auto industry. more on that when we return. >>> michigan is now one step closer to becoming a right to work state. yesterday, the state house and senate approved bills limiting ups from collecting fees from...
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economists were predicting just 80,000 jobs would have added because of superstorm sandy and that the unemployment rate would remain stuck at 7.9%. stock futures are rallying after that report. >>> asian markets were mostly lower ahead of today's unemployment rate. hong kong also shed a fraction. tech stocks gave wall street stocks a modest lift yesterday. they finished 39 points higher while the nasdaq was up 15 points. the. >>> the securities and exchange commission is investigating nexflix and the company's ceo. reid hastings is dismissing the claim that the facebook post may have boosted the stock price. at the time hastings mentioned how much nexflix viewing had increased. you have to be really careful what you post on facebook. >> my coe anchor is happy because she's a huge heavy meal fan and now metallica is streaming its video. >> i didn't know i was a fan. >> you're getting ready to rock out because fans of metallica can stream the band's music on spotify. in fact in 2000, metallica filed a lawsuit against napster accusing them of copy right infringement. they can now listen
economists were predicting just 80,000 jobs would have added because of superstorm sandy and that the unemployment rate would remain stuck at 7.9%. stock futures are rallying after that report. >>> asian markets were mostly lower ahead of today's unemployment rate. hong kong also shed a fraction. tech stocks gave wall street stocks a modest lift yesterday. they finished 39 points higher while the nasdaq was up 15 points. the. >>> the securities and exchange commission is...
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we'll find out today just how much superstorm sandy slowed job growth when the labor department releases the november employment report. on thursday the government reported weekly applications for jobless benefits fell sharply. the decline suggests the return to modest job growth that plunged during sandy's aftermath. some economists believe fewer than 100,000 jobs were added in november but others say if not for sandy job gains would have been at their highest since february. asian markets were lower. tokyo's nikkei lost a fraction while the hong kong hang seng also shed a fraction. michigan a long time bedrock of union employment could soon become the nation's 24th right to work state. protesters rallied at the state house and senate on thursday. both chambers passed separate bills banning mandatory union dues from non-union members. the republican governor said he would sign the bill when they are sent to him. tech stocks gave wall street a modest lift. the dow finished 39 points higher on thursday while the nasdaq was up 15 points. apple one of the tech stocks that led the stock mark
we'll find out today just how much superstorm sandy slowed job growth when the labor department releases the november employment report. on thursday the government reported weekly applications for jobless benefits fell sharply. the decline suggests the return to modest job growth that plunged during sandy's aftermath. some economists believe fewer than 100,000 jobs were added in november but others say if not for sandy job gains would have been at their highest since february. asian markets...
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superstorm sandy may be part of the reason, but worry over the fiscal cliff may have also had an impact. economists predict that perhaps 200,000 jobs that you're -- 200,000 fewer jobs were created this year because of worries over the pasqual. republicans and democrats are talking again, but still no breakthrough. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling be part of a deal. >> he shows what he is really after is assuming unprecedented power to spend taxpayer dollars. >> republicans who said they are open to raising tax revenue said they will only do so in exchange for deep spending cuts. if no deal happens one casualty would be long-term unemployment help. >> christmas would be off the table. >> aides to speaker boehner and president obama met yesterday. >> we are finding out what folks in the d.c. area think about this club battle. a new poll shows that 57% of respondents believed that the president and congress will reach a deal. 78% found that both sides should compromise. >> and outspoken member of the tea party
superstorm sandy may be part of the reason, but worry over the fiscal cliff may have also had an impact. economists predict that perhaps 200,000 jobs that you're -- 200,000 fewer jobs were created this year because of worries over the pasqual. republicans and democrats are talking again, but still no breakthrough. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling be part of a deal. >> he shows what he is really after is...
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superstorm sandy was a small factor. >>> also weighing on job creation, the looming fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center in guatemala city, after complaining of chest pains. he's now back in his cell and could be send back to belize, where police want to question him about the murder of his neighbor. >>> now, here's diane sawyer with a preview of tonight's "world news." diane? >> so, josh, it's friday. it's great to talk to you. and how about a holiday tradition for years? everybody wondering, what happened to the determined little boy they loved? well, he's all grown up. and he has a perfect gift for you. tonight, behind the scenes of a christmas classic. and he is our "person of the week" tonight. >
superstorm sandy was a small factor. >>> also weighing on job creation, the looming fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the...
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first of all, the impact from superstorm sandy. it wasn't there. that's what the bureau of labor sta stisks told us. we thought it might have a significant impact. it didn't. second of all, a number of people gave up on looking for work. that's why you see the significant decline in the unemployment rate. >> where were the jobs gained? >> primarily retail, which added 53,000 jobs. business services have been strong throughout this recovery. we saw those add 43,000 jobs and lastly health care, which has been one of those fields that most people would say is untouchable because there's a growing need for health care as the boomer population ages and because there are consistently jobs in the health care. also computer services were strong. retail, one thing to note, it's november, people hire for the holidays. >> rebecca jarvis, thank you. >> now to the crisis in the middle east. rejecting president mohamed morsi's call for reconciliation, refusing to compromise last night as he spoke to the nation. earlier, morsi got a call from president obama afte
first of all, the impact from superstorm sandy. it wasn't there. that's what the bureau of labor sta stisks told us. we thought it might have a significant impact. it didn't. second of all, a number of people gave up on looking for work. that's why you see the significant decline in the unemployment rate. >> where were the jobs gained? >> primarily retail, which added 53,000 jobs. business services have been strong throughout this recovery. we saw those add 43,000 jobs and lastly...
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and how does superstorm sandy figure into all of this? >>> plus, come on, santa, this is what this man wants for christmas. can you believe this billboard? all i want for christmas is latina girlfriend. smart latinas will see this and run like the wind to get way from this man. we'll talk about that, straight ahead. with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed
and how does superstorm sandy figure into all of this? >>> plus, come on, santa, this is what this man wants for christmas. can you believe this billboard? all i want for christmas is latina girlfriend. smart latinas will see this and run like the wind to get way from this man. we'll talk about that, straight ahead. with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and...
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we thought -- we were going to have the effects of superstorm sandy. we thought we were going on have some of the effects of the fiscal cliff affecting consumer confidence. investment behavior. so given those two plus the hostess strike and shutdown, you know, this is a -- these are -- it tracks the 146,000 new jobs over the month. tracks the average that we have been seeing over this past year. actually 2011. but however, though, you know, that's right at that level, that threshold, that you have to have just to keep make ends meet. so when you turn to the household survey, that, you know, unemployment rate falling to 7.7%. it is not because people are getting lots of jobs. it is because people have been leaving the labor important, because we are -- we have been treading along in the second gear at this 140,000, 150,000 new jobs per month. >> labor force, you believe, is shrinking. let's -- >> yeah. this report -- this report showed it shrank again and over the last 12 months it shrank and i believe even people have been talking about we are at 20, 3
we thought -- we were going to have the effects of superstorm sandy. we thought we were going on have some of the effects of the fiscal cliff affecting consumer confidence. investment behavior. so given those two plus the hostess strike and shutdown, you know, this is a -- these are -- it tracks the 146,000 new jobs over the month. tracks the average that we have been seeing over this past year. actually 2011. but however, though, you know, that's right at that level, that threshold, that you...
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it's likely that superstorm sandy skewed the numbers, perhaps dramatically. economists at deutsche bank expect only 25,000 jobs added after they studied the hurricane effe effects on jobs. it was difficult for the labor department to collect data during and after that storm. in today's report, we'll watch four sectors hardest hit by the storm, manufacturing, retail, leisure and hospitality and temporary help industries. mark sandy said aside from the storm the job market turned in a good performance for the month. this simpreis impressive given uncertainty created by the presidential election and the fast-approaching fiscal cliff. except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >>> another usual factor, the layoffs and strikes from hostess. hostess filed for bankruptcy last month. want to bring you up to speed on facebook. facebook moving up. the social network will be listed on the nasdaq 100 next week and could be added to the s&p 500 very soon. shares are down nearly 30% since the ipo. but with the market value
it's likely that superstorm sandy skewed the numbers, perhaps dramatically. economists at deutsche bank expect only 25,000 jobs added after they studied the hurricane effe effects on jobs. it was difficult for the labor department to collect data during and after that storm. in today's report, we'll watch four sectors hardest hit by the storm, manufacturing, retail, leisure and hospitality and temporary help industries. mark sandy said aside from the storm the job market turned in a good...
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economy adding 146,000 jobs despite the fact that superstorm sandy caused $60 billion worth of damage in this country. but after all that devastation, construction jobs are seeing a big bump in communities that sandy hit hard. rick leventhal is live on staten island, new york, a little bit of a silver lining here, rick. >> reporter: yeah. of course a lot of businesses suffered as a result of hurricane sandy, especially restaurants and retail hit by that storm surge. but as you mentioned, some businesses are seeing a boom, especially in the home improvement area. construction jobs, plumbers, electricians, landscapers, roofers, drywall finishers, they're all working very, very hard, getting a lot of new business. we spoke to a couple, dana that and anthony devigne know, who run their own electrical contracting business, here's what they told us. >> people want their work done right away, and we're working as hard as we can to get that done for them. >> and i'm a firm believer in taking the work while it's there, so we really don't pass up too much. if we have to work saturdays and sunda
economy adding 146,000 jobs despite the fact that superstorm sandy caused $60 billion worth of damage in this country. but after all that devastation, construction jobs are seeing a big bump in communities that sandy hit hard. rick leventhal is live on staten island, new york, a little bit of a silver lining here, rick. >> reporter: yeah. of course a lot of businesses suffered as a result of hurricane sandy, especially restaurants and retail hit by that storm surge. but as you mentioned,...